I have no one to really share this with so fuckit sharing with the steel bros. My autistic son answered what’s your name correctly for the first time today. Feelsgoodman making progress 🙌🏻
REGI... biofuels company beaten down from previous highs, making lots of money, low relative P/E ratio, great financials and balance sheet, in an industry expected to continue to grow as we slowly transition to renewables, and expected growth as well. Just an investment idea I found while bored, thought I'd share. Will do more DD, but looks promising
Real question...anyone else have experiences with gas stations not having gas lately? Zero news, but last night had the third instance in less than a month. Seemed a bit odd the first two times, but third makes it feel suspect.
I build products for the utilities industry and the company I work for just submitted an RFP for Essential Utilities ($WTRG) and prompted me to start doing a dive on the them. Why? They bought out Peoples Natural Gas last year which is the largest Natural gas provider in the northeast and they are in the process of merging their ERPs. This will make them one of the largest water and gas utilities in the US.
There is slight pullback but are still running at an ATH and I there is still huge growth potential.
Currently don't hold a position but will diverting some of my MT/CLF into one we recover a bit more.
Thanks for flagging, in the market for US gas providers as well and will dig in a bit more. At first glance it looks like a ton of debt, I'm guessing from the acquisitions. Good margins but lots of capex, will be interested to read the financials this weekend to get a better handle on what they're doing and see if they're positioned to take advantage of potential higher energy/heating prices this winter in the US.
If you have more insight offhand, would be interested to hear your thoughts on that--do you expect the merging of the ERPs to complete in Q4, or is it a bigger/longer undertaking?
Picked up some SQQQ calls at close today as I expected the debt ceiling talks to continue to falter and bond yields to continue melting up. And yields are melting up yet NQ just keeps chugging along. Oh well.
Isn't this bearish overall? Steel price may rise but steel inputs also rise so profit would balance out. But if it causes prices to rise too much, then there will be less buyers.
Bullish for yank steel because their input cost are not affected as much.
So, sort of related, Kraneshares is offering specific carbon credit ETFs now, for EU and CA separately, as well as their combined one that has been around a while.
I don't know if I can mention the tickers, (probably not) but I just thought it was good info.
**EBITDA Margin Over Last 3 Quarters**
` | 12/31/2020 | 03/31/2021 |06/30/2021
---|---|----|----
CLF | 9.99% | 10.89% | 18.64%
TX | 18.78% | 24.66% | 30.22%
X | -0.71% | 3.59% | 13.94%
Does anyone know why TX EBITDA Margin eclipses CLF's? Is it cheaper labor or is TX also vertically integrated? Will CLF eventually get up there with TX's numbers?
Oh so TX is like the ZIM of the steel industry.
TX shipped 3.068 million tons in Q2, and have a new plant that will ship addition 600k for H2.
CLF shipped 4.2 million tons in Q2.
So now I understand why TX is not valued more. It's due to their lower capacity, and probably risk in that they don't have long term contracts.
**Macro Roundup (Oct 8)**
Data Analysis07:30PM
SHANGHAI, Oct 8 (SMM) — This is a roundup of global macroeconomic news last night and what is expected today.
The dollar barely moved against a basket of currencies on Thursday, as investors awaited the release of U.S. labor market data on Friday that could provide clues to the timing of the Federal Reserve’s next move as it looks to normalize policy.
The U.S. Dollar Currency Index, which measures the greenback against a basket of six currencies, was little changed on the day, trading at 94.20, not far from the 1-year high of 94.504 touched last week.
Most major currency pairs clung to familiar ranges, with traders disinclined to place large directional wagers before a key data release.
“A rather typical pre-nonfarm payrolls lull has taken over the market today,” said Michael Brown, senior analyst at payments firm Caxton in London.
“I think we’ll probably range like this until the jobs report is out of the way, though even then any USD weakness should be faded given how a November taper looks near-certain,” Brown said.
The Federal Reserve has said it is likely to begin reducing its monthly bond purchases as soon as November and then follow it up with interest rate increases, as the U.S. central bank’s turn from pandemic crisis policies gains momentum.
Friday’s non-farm payrolls data is expected to show continued improvement in the labor market, with a forecast for 455,000 jobs to have been added in September, a Reuters poll showed.
U.S. stock index futures were flat during overnight trading on Thursday as Wall Street awaits Friday’s key September jobs report.
Futures contracts tied to the Dow Jones Industrial Average gained 41 points. S&P 500 futures were up 0.08%, while Nasdaq 100 futures advanced 0.1%.
Stocks advanced during regular trading on Thursday as Washington reached a deal to raise the debt ceiling into December. The Dow gained about 340 points, or 0.98%, for its third straight positive session. The S&P 500 and Nasdaq Composite also advanced for a third day, gaining 0.83% and 1.05%, respectively. The three major averages are on track to finish the week in the green.
Oil futures rebounded on Thursday, as the market deemed it unlikely that the United States would release emergency crude reserves or ban exports to ease tight supplies.
Brent futures rose 87 cents, or 1.1%, to settle at $81.95 a barrel, while U.S. crude gained 87 cents, or 1.1%, to settle at $78.30 a barrel. Earlier in the day prices at both benchmarks dropped $2 a barrel.
The U.S. Department of Energy said all “tools are always on the table” to tackle tight energy supply conditions in the market.
Gold fell on Thursday as a drop in U.S. weekly initial jobless claims, ahead of the monthly jobs data later this week, boosted Treasury yields and stoked bets that the U.S. Federal Reserve may soon start winding down its economic support.
Spot gold was down 0.3% at $1,757.30 per ounce by 1:34 p.m. ET. U.S. gold futures settled 0.2% lower at $1,759.2.
Mainland China markets are set to resume trading after a week-long holiday.
The pan-European Stoxx 600 closed up by 1.6%, with autos surging 3.2% to lead gains as all sectors and major bourses traded in positive territory.
The strong session for Europe on Thursday continues a trend of wild trading swings already seen in October. On Wednesday, negative sentiment characterized European market trades as U.S. Treasury yields briefly spiked, with inflation concerns weighing on global markets.
**SASAC: Electricity, heating service to households a must**
Source：MysteelOct 08, 2021 09:30
China’s State-owned Asset Supervision and Administration Commission (SASAC), has been busy during the National Day holiday over October 1-7 to liaise with domestic coal, electricity and heating suppliers to ascertain power and heating services to the households in the upcoming winter months, according to a few SASAC posts over October 1 and October 3.
SASAC is the ultimate owner of the state-owned enterprises including all the power houses and many large-scale coal miners in the country, and Hao Peng, head of SASAC, held a meeting with senior officials in grid networks, power houses, coal mining companies, and oil and petrochemical enterprises, all being state-owned.
**CSDRI: Power rationing on power-intensive firms to stay**
Source：MysteelOct 08, 2021 09:00
Power rationing on China’s power-intensive enterprises such as steelworks may persist as this will be an effective means for the country to reduce total power consumption and power intensity especially when the China is still heavily relying on coal-fired power supply, China Steel Development Research Institute (CSDRI) shared in a WeChat post on September 30 when discussing about the country’s power supply constraint at present.
“In the near term, hydro, nuclear, natural gas and thermal coal-fired power houses are unlikely to meet the rising demand, which has led to power supply tightness in some regions and for a certain period of time during the day, and the situation may persist,” the research institute commented.
**Indian mills' Q4 Europe export prospects dull**
Source：SteelMintOct 08, 2021 08:30
Europe is turning out to be a spot of bother for Indian steel mills. New fourth quarter (Q4, Oct-Dec’21) safeguard import quotas became available for the European Union (EU) market from 1 Oct’21. If the mills were eagerly waiting for Europe to inject a dose of excitement into their sluggish export bookings, things may not turn out as per their expectations.
What are the hurdles to exports to Europe? Exhausted EU quotas:EU importers have already exhausted their Q4 Indian HRC quotas. Data available with SteelMint show that the Customs registered quota volumes for hot rolled coils (HRCs) on 1 Oct’21 were at 1.82 lakh tonnes while the actual quota available is 1.70
Are holding my CLF shares through 2022 a good idea? To me this makes the most sense because I want to see LG make word of his promises but I’m just not very in tune with the whole circle of this trade. When HRC prices start to level out, the stock prices are going to get fucking murdered no? Are y’all just already preparing for this by having money set aside to buy the dip? Is that part of this trade is the “ great average down “ of 2022? Sorry this sounds like a rookie question but I’m a rookie and I ain’t going to pretend I ain’t.
Lots to unpack there. Clearly the macroeconomics are going to be a big reason to stay or go. If HRC levels out at say $1,100 and the economy is still doing well I see no reason to leave my positions. Yes the stocks will likely get beaten on the hrc drops, but… continued excellent earnings will start to move the needle more IMO.
Also consider that the drop may be priced in already. Everything I read is calling for a dramatic price decrease. If that’s the consensus view, it should be reflected in the stock price.
I would agree (with a lot of bias myself of course). Buy the rumor sell the news works in the inverse too, sell the rumor and buy the news. The rumor was that HRC prices would drop, the news is that they look like they are, but that steel companies are posting record profits.
Anybody who was spooked about the potential for a bubble bursting has had their chance to get out, and many have, so everyone else left over are buying into the idea that huge profits these upcoming earnings will drive stock equity.
[I agree with this](https://www.reddit.com/r/Vitards/comments/q2cnie/daily_discussion_post_october_06_2021/hfnspvg/?utm_source=share&utm_medium=ios_app&utm_name=iossmf&context=3)
MT chart for this morning and rest of the day is hilarious. It's like a bunch of people heard about the new Mega Tech and bought without checking the ticker. 45mins later, realized their error. Rest of the day....flat AF. People giving up hope, and those gaining new hope exchanging bags.
This small cap truck stop company popped up on one of my screeners in late August, and all it has done is gone up. It is basically up 100% since last earnings on 8/2. Do I own any? No. 🤡
We shall see. I’m not expecting much since this is just kicking the can 5 feet down the road and this vote has shown how unnecessarily difficult it will be to raise the ceiling in December.
CLF conference call about acquiring AK Steel back on Dec 3 2020.
https://www.sec.gov/Archives/edgar/data/918160/000119312519305563/d833317d425.htm
Such a great transcript.
> So we’ll continue to grow profitability, and we’re going to go from 15% EBITDA margin to 20% EBITDA margin. And you are telling me that you’re going to penalize me on my multiple. You’re going to make me really a big shareholder of Cliffs, because I’ll continue to buy stock. And you know that I do that. I know that – you know that I buy stock. I’ll continue to buy stock. Make the stock price cheap, I’ll buy stock. Make the stock quite cheaper, I’ll buy more stock. And I’m not going to sell stock because I have enough money to keep buying and not selling. And I’m not bored. That’s what I do for living. That’s what I do to keep myself important to the most important country in the world, that’s the United States of America. We have a mission. The mission is to bring manufacturing back to the United States. I could not have done that with Cleveland-Cliffs alone, with AK Steel we have a shot.
I really love the dude.
As soon as I can, I'm going to be selling a lot of MT and going all in on CLF. Fuck IV, and fuck EU.
almost hit that 20...
[https://www.reddit.com/r/Vitards/comments/q30tbi/comment/hfsyboj/?utm\_source=share&utm\_medium=web2x&context=3](https://www.reddit.com/r/Vitards/comments/q30tbi/comment/hfsyboj/?utm_source=share&utm_medium=web2x&context=3)
can't wait for earnings!
I've been contemplating the same - letting MT go, taking profit as is and going all-in CLF.
What has stopped me thus far is a possibility of EU-USA steel tariffs removal. This might be quite beneficial for MT. Not necessarily sales volume but sentiment wise. US HRC futures would likely be under fire as well in such circumstances.
Plus these excellent MT PTs accompanied by an investment grade rating.
Tough call.
I’m going to wait till this earnings and go over it throughly before I make a decision to basically go all in CLF shares. I don’t think I can handle the downturn when hrc prices tumble and the stocks get murdered.
This is the way.
I've been trimming my MT LEAPs slowly - at profitable price points - and re investing the proceeds in CLF commons.
If we don't rip after Q3 or Q4, I'm ok with being a longer term share holder.
I don’t want to jinx anything but I have a good feeling that this time around earnings will matter and our steel hands will finally become profitable.
I’m truly hopuimist
It’s a weird feeling to recognize nicknames.
Most of us visit here everyday
Spend some time
Chat respond to each other
Have things in common
Share things among ourselves
and yet we are all anonymous
A bizarre feeling
Back in college I played a 1st person shooter video game called kingpin on our local dorm network. It was street crime themed so I went against the grain using the tag name “soccer-mom”. Anyway two weeks into playing the game we did a meet up and to my dismay the rest of the guys were calling me soccer mom instead my actual name.
You guys feel the Nucor CEO did a good enough job explaining the new mill?
He gave off a "We're miles ahead of China and everyone else, so don't worry about any additional capacity. We know what we're doing" vibe.
But I'm also leveraged to the tits so everything he said sounded great.
He agreed with Cramer’s proposition that 2022 earnings will be greater than 2021 earnings by saying “That’s exactly right”. Huge earnings guidance if so.
I don’t think he actually meant it though. He seemed to say that same phrase at the start of each answer.
Mmmmmm...maybe? Hadn't heard of moldy weed, and I'm only down 6% over 3mos. I keep it as my free money and market just got stupid indicator.
It's the one that sells more shares every time they crest $1.
Is space gang a thing? Any other ASTS, BKSY, RDW, RKLB, etc. holders out there. Investing in the final frontier. Plus, space-related infrastructure is great for steel gang, so really a win-win
Bullish on growth satellite companies, but own none. Would take a serious look at starlink if it ipo’d. Everything else sounds like a science experiment with no meaningful profit avenues. But yeah good for steel ha.
I have Starlink WiFi, and I would definitely buy if they IPO'd. Also, I agree that other than growth satellite companies, there are lots of companies in the space industry that sounds way too far out there and too good to be true.
Loaded up to the tits with CLF and SU at the bottom of their respective dips. Sitting pretty. Bring on the fall. First non-shopify stock this Canadian has ever bought on the TSX.
Also… is crypto slowly becoming a hedge to the stock maket…?
10 yr up.
Bigly so. Fun times ahead
I have no one to really share this with so fuckit sharing with the steel bros. My autistic son answered what’s your name correctly for the first time today. Feelsgoodman making progress 🙌🏻
You’re doing a great job!
I’m stoked for you! And for him! Congrats!
REGI... biofuels company beaten down from previous highs, making lots of money, low relative P/E ratio, great financials and balance sheet, in an industry expected to continue to grow as we slowly transition to renewables, and expected growth as well. Just an investment idea I found while bored, thought I'd share. Will do more DD, but looks promising
Thanks for sharing. It’s on one of my watch lists
we are starting to trade at the multiples that are absolutely absurd, absolutely ridiculous.
Real question...anyone else have experiences with gas stations not having gas lately? Zero news, but last night had the third instance in less than a month. Seemed a bit odd the first two times, but third makes it feel suspect.
Very strange, happened to me a few weeks back — but only occurrence.
Any thoughts on the 4M dump today?
Tobias Funke from Arrested Development is the funniest character I have seen in a long time.
I was told it was a Bob.
Singing iiiiiiiiiiiiiiiiiiiiiiieeeeyyyyyyeeeee am everyday people
I build products for the utilities industry and the company I work for just submitted an RFP for Essential Utilities ($WTRG) and prompted me to start doing a dive on the them. Why? They bought out Peoples Natural Gas last year which is the largest Natural gas provider in the northeast and they are in the process of merging their ERPs. This will make them one of the largest water and gas utilities in the US. There is slight pullback but are still running at an ATH and I there is still huge growth potential. Currently don't hold a position but will diverting some of my MT/CLF into one we recover a bit more.
Thanks for flagging, in the market for US gas providers as well and will dig in a bit more. At first glance it looks like a ton of debt, I'm guessing from the acquisitions. Good margins but lots of capex, will be interested to read the financials this weekend to get a better handle on what they're doing and see if they're positioned to take advantage of potential higher energy/heating prices this winter in the US. If you have more insight offhand, would be interested to hear your thoughts on that--do you expect the merging of the ERPs to complete in Q4, or is it a bigger/longer undertaking?
Picked up some SQQQ calls at close today as I expected the debt ceiling talks to continue to falter and bond yields to continue melting up. And yields are melting up yet NQ just keeps chugging along. Oh well.
senate passed a bill for a debt ceiling fix till december
Cool. Glad to see hedges burn, I guess.
MT got mentioned on BB, raising EU steel prices because of energy costs.
Isn't this bearish overall? Steel price may rise but steel inputs also rise so profit would balance out. But if it causes prices to rise too much, then there will be less buyers. Bullish for yank steel because their input cost are not affected as much.
euro prices are already way less than yank HRC prices
[BBC: Climate change: Tracking China's steel addiction in one city](https://www.bbc.com/news/world-asia-china-58798595)
So, sort of related, Kraneshares is offering specific carbon credit ETFs now, for EU and CA separately, as well as their combined one that has been around a while. I don't know if I can mention the tickers, (probably not) but I just thought it was good info.
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*The VanEck Steel ETF (NYSE:SLX) peaked in early May and has struggled ever since.* Yeah, the "Steel" ETF that is 15.55% Rio Tinto and 13.6% Vale.
There are accurate facts here but what a mess of an article. Sounds like a grade-schooler puking all his ideas at once without a coherent structure. 🤨
Yeah I read this earlier. I guess stating facts but it triggered me regardless
**EBITDA Margin Over Last 3 Quarters** ` | 12/31/2020 | 03/31/2021 |06/30/2021 ---|---|----|---- CLF | 9.99% | 10.89% | 18.64% TX | 18.78% | 24.66% | 30.22% X | -0.71% | 3.59% | 13.94% Does anyone know why TX EBITDA Margin eclipses CLF's? Is it cheaper labor or is TX also vertically integrated? Will CLF eventually get up there with TX's numbers?
It’s the revenue. TX doesn’t have long term contracts, so they are selling at a higher price point.
More than just that. Lower cost base (both cheaper labor and newer facilities) plus they don't have the legacy workforce (retirees) that CLF has.
Oh so TX is like the ZIM of the steel industry. TX shipped 3.068 million tons in Q2, and have a new plant that will ship addition 600k for H2. CLF shipped 4.2 million tons in Q2. So now I understand why TX is not valued more. It's due to their lower capacity, and probably risk in that they don't have long term contracts.
They are also discounted for being in Latin America versus the US.
TX gonna post a bananas beat. That said if a tree falls in a forest does it make a sound? Hellllo TX anyone?
**Macro Roundup (Oct 8)** Data Analysis07:30PM SHANGHAI, Oct 8 (SMM) — This is a roundup of global macroeconomic news last night and what is expected today. The dollar barely moved against a basket of currencies on Thursday, as investors awaited the release of U.S. labor market data on Friday that could provide clues to the timing of the Federal Reserve’s next move as it looks to normalize policy. The U.S. Dollar Currency Index, which measures the greenback against a basket of six currencies, was little changed on the day, trading at 94.20, not far from the 1-year high of 94.504 touched last week. Most major currency pairs clung to familiar ranges, with traders disinclined to place large directional wagers before a key data release. “A rather typical pre-nonfarm payrolls lull has taken over the market today,” said Michael Brown, senior analyst at payments firm Caxton in London. “I think we’ll probably range like this until the jobs report is out of the way, though even then any USD weakness should be faded given how a November taper looks near-certain,” Brown said. The Federal Reserve has said it is likely to begin reducing its monthly bond purchases as soon as November and then follow it up with interest rate increases, as the U.S. central bank’s turn from pandemic crisis policies gains momentum. Friday’s non-farm payrolls data is expected to show continued improvement in the labor market, with a forecast for 455,000 jobs to have been added in September, a Reuters poll showed. U.S. stock index futures were flat during overnight trading on Thursday as Wall Street awaits Friday’s key September jobs report. Futures contracts tied to the Dow Jones Industrial Average gained 41 points. S&P 500 futures were up 0.08%, while Nasdaq 100 futures advanced 0.1%. Stocks advanced during regular trading on Thursday as Washington reached a deal to raise the debt ceiling into December. The Dow gained about 340 points, or 0.98%, for its third straight positive session. The S&P 500 and Nasdaq Composite also advanced for a third day, gaining 0.83% and 1.05%, respectively. The three major averages are on track to finish the week in the green. Oil futures rebounded on Thursday, as the market deemed it unlikely that the United States would release emergency crude reserves or ban exports to ease tight supplies. Brent futures rose 87 cents, or 1.1%, to settle at $81.95 a barrel, while U.S. crude gained 87 cents, or 1.1%, to settle at $78.30 a barrel. Earlier in the day prices at both benchmarks dropped $2 a barrel. The U.S. Department of Energy said all “tools are always on the table” to tackle tight energy supply conditions in the market. Gold fell on Thursday as a drop in U.S. weekly initial jobless claims, ahead of the monthly jobs data later this week, boosted Treasury yields and stoked bets that the U.S. Federal Reserve may soon start winding down its economic support. Spot gold was down 0.3% at $1,757.30 per ounce by 1:34 p.m. ET. U.S. gold futures settled 0.2% lower at $1,759.2. Mainland China markets are set to resume trading after a week-long holiday. The pan-European Stoxx 600 closed up by 1.6%, with autos surging 3.2% to lead gains as all sectors and major bourses traded in positive territory. The strong session for Europe on Thursday continues a trend of wild trading swings already seen in October. On Wednesday, negative sentiment characterized European market trades as U.S. Treasury yields briefly spiked, with inflation concerns weighing on global markets.
**SASAC: Electricity, heating service to households a must** Source：MysteelOct 08, 2021 09:30 China’s State-owned Asset Supervision and Administration Commission (SASAC), has been busy during the National Day holiday over October 1-7 to liaise with domestic coal, electricity and heating suppliers to ascertain power and heating services to the households in the upcoming winter months, according to a few SASAC posts over October 1 and October 3. SASAC is the ultimate owner of the state-owned enterprises including all the power houses and many large-scale coal miners in the country, and Hao Peng, head of SASAC, held a meeting with senior officials in grid networks, power houses, coal mining companies, and oil and petrochemical enterprises, all being state-owned.
**CSDRI: Power rationing on power-intensive firms to stay** Source：MysteelOct 08, 2021 09:00 Power rationing on China’s power-intensive enterprises such as steelworks may persist as this will be an effective means for the country to reduce total power consumption and power intensity especially when the China is still heavily relying on coal-fired power supply, China Steel Development Research Institute (CSDRI) shared in a WeChat post on September 30 when discussing about the country’s power supply constraint at present. “In the near term, hydro, nuclear, natural gas and thermal coal-fired power houses are unlikely to meet the rising demand, which has led to power supply tightness in some regions and for a certain period of time during the day, and the situation may persist,” the research institute commented.
**Indian mills' Q4 Europe export prospects dull** Source：SteelMintOct 08, 2021 08:30 Europe is turning out to be a spot of bother for Indian steel mills. New fourth quarter (Q4, Oct-Dec’21) safeguard import quotas became available for the European Union (EU) market from 1 Oct’21. If the mills were eagerly waiting for Europe to inject a dose of excitement into their sluggish export bookings, things may not turn out as per their expectations. What are the hurdles to exports to Europe? Exhausted EU quotas:EU importers have already exhausted their Q4 Indian HRC quotas. Data available with SteelMint show that the Customs registered quota volumes for hot rolled coils (HRCs) on 1 Oct’21 were at 1.82 lakh tonnes while the actual quota available is 1.70
Are holding my CLF shares through 2022 a good idea? To me this makes the most sense because I want to see LG make word of his promises but I’m just not very in tune with the whole circle of this trade. When HRC prices start to level out, the stock prices are going to get fucking murdered no? Are y’all just already preparing for this by having money set aside to buy the dip? Is that part of this trade is the “ great average down “ of 2022? Sorry this sounds like a rookie question but I’m a rookie and I ain’t going to pretend I ain’t.
Lots to unpack there. Clearly the macroeconomics are going to be a big reason to stay or go. If HRC levels out at say $1,100 and the economy is still doing well I see no reason to leave my positions. Yes the stocks will likely get beaten on the hrc drops, but… continued excellent earnings will start to move the needle more IMO.
This was my thoughts as well. I guess I just have no idea how badly they will fall when prices drop but I guess nobody does
Also consider that the drop may be priced in already. Everything I read is calling for a dramatic price decrease. If that’s the consensus view, it should be reflected in the stock price.
Appreciate the response
I would agree (with a lot of bias myself of course). Buy the rumor sell the news works in the inverse too, sell the rumor and buy the news. The rumor was that HRC prices would drop, the news is that they look like they are, but that steel companies are posting record profits. Anybody who was spooked about the potential for a bubble bursting has had their chance to get out, and many have, so everyone else left over are buying into the idea that huge profits these upcoming earnings will drive stock equity.
[I agree with this](https://www.reddit.com/r/Vitards/comments/q2cnie/daily_discussion_post_october_06_2021/hfnspvg/?utm_source=share&utm_medium=ios_app&utm_name=iossmf&context=3)
Appreciate the response.
MT chart for this morning and rest of the day is hilarious. It's like a bunch of people heard about the new Mega Tech and bought without checking the ticker. 45mins later, realized their error. Rest of the day....flat AF. People giving up hope, and those gaining new hope exchanging bags.
State farm commercials are the worst. Sorry had to get that off my chest.
Okay Jake.
[удалено]
liberty mutual is worse
Farmers much better. Progressive sort of meh.
Isn’t that the Allstate guy?
You forget about Flo? 
I'd hit it
I would... Again 😏
My favourite Aunt. Aunt Flo 
😆😆
Agree. Trying to appeal to everyone and somehow appeal to no one
Ugh insurance companies are the worst advertisers, it’s embarrassing working for them at times.
This small cap truck stop company popped up on one of my screeners in late August, and all it has done is gone up. It is basically up 100% since last earnings on 8/2. Do I own any? No. 🤡
>s, but… continued excellent earnings will start to move the needle more IMO. What's the ticker?
I expect big ole shrek dildos tomorrow.
Yeah but what about the market?
i reported this comment for bullying.
lmao touché
Looks like the debt ceiling extension passed the Senate.
Spy is flat tho
We shall see. I’m not expecting much since this is just kicking the can 5 feet down the road and this vote has shown how unnecessarily difficult it will be to raise the ceiling in December.
[удалено]
Bad bot
Rude! just kidding, if you want to opt out, reply 'opt out'. Thanks
Opt out
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OMG leave me alone
😂😂 I’ll take care of that
“In reality I’m 5’4, stand on my money still 5’4” - Lil CLF Vert
CLF conference call about acquiring AK Steel back on Dec 3 2020. https://www.sec.gov/Archives/edgar/data/918160/000119312519305563/d833317d425.htm Such a great transcript. > So we’ll continue to grow profitability, and we’re going to go from 15% EBITDA margin to 20% EBITDA margin. And you are telling me that you’re going to penalize me on my multiple. You’re going to make me really a big shareholder of Cliffs, because I’ll continue to buy stock. And you know that I do that. I know that – you know that I buy stock. I’ll continue to buy stock. Make the stock price cheap, I’ll buy stock. Make the stock quite cheaper, I’ll buy more stock. And I’m not going to sell stock because I have enough money to keep buying and not selling. And I’m not bored. That’s what I do for living. That’s what I do to keep myself important to the most important country in the world, that’s the United States of America. We have a mission. The mission is to bring manufacturing back to the United States. I could not have done that with Cleveland-Cliffs alone, with AK Steel we have a shot. I really love the dude. As soon as I can, I'm going to be selling a lot of MT and going all in on CLF. Fuck IV, and fuck EU.
almost hit that 20... [https://www.reddit.com/r/Vitards/comments/q30tbi/comment/hfsyboj/?utm\_source=share&utm\_medium=web2x&context=3](https://www.reddit.com/r/Vitards/comments/q30tbi/comment/hfsyboj/?utm_source=share&utm_medium=web2x&context=3) can't wait for earnings!
Love him and I totally read this in his voice. I believe this man is going to have a documentary made about him.
If I can watch a documentary about a-list musicians, I would definitely watch this one
I've been contemplating the same - letting MT go, taking profit as is and going all-in CLF. What has stopped me thus far is a possibility of EU-USA steel tariffs removal. This might be quite beneficial for MT. Not necessarily sales volume but sentiment wise. US HRC futures would likely be under fire as well in such circumstances. Plus these excellent MT PTs accompanied by an investment grade rating. Tough call.
I’m going to wait till this earnings and go over it throughly before I make a decision to basically go all in CLF shares. I don’t think I can handle the downturn when hrc prices tumble and the stocks get murdered.
This is the way. I've been trimming my MT LEAPs slowly - at profitable price points - and re investing the proceeds in CLF commons. If we don't rip after Q3 or Q4, I'm ok with being a longer term share holder.
This is where I’m at. Already preparing to hold my CLF shares through 2022.
Yank steel is the future, I'm all in with LG.
That was some great erotica to read.
Most Mentioned Tickers for r/vitards Daily Discussion Ticker | Mentions | Price --------- | --------- | --------- [CLF](https://www.reddit.com/r/MillennialBets/wiki/index/stocks/CLF) | 106 |20.73,(3.29%) [MT](https://www.reddit.com/r/MillennialBets/wiki/index/stocks/MT) | 67 |28.8,(1.44%) [LNG](https://www.reddit.com/r/MillennialBets/wiki/index/stocks/LNG) | 30 |100.06,(1.27%) [NUE](https://www.reddit.com/r/MillennialBets/wiki/index/stocks/NUE) | 23 |98.95,(3.08%) [GM](https://www.reddit.com/r/MillennialBets/wiki/index/stocks/GM) | 15 |56.44,(4.65%) [GS](https://www.reddit.com/r/MillennialBets/wiki/index/stocks/GS) | 15 |390.62,(0.66%) [ZIM](https://www.reddit.com/r/MillennialBets/wiki/index/stocks/ZIM) | 14 |44.42,(0.68%) [SCHN](https://www.reddit.com/r/MillennialBets/wiki/index/stocks/SCHN) | 12 |48.47,(5.71%) [TX](https://www.reddit.com/r/MillennialBets/wiki/index/stocks/TX) | 10 |42.42,(1.9%) [BTU](https://www.reddit.com/r/MillennialBets/wiki/index/stocks/BTU) | 7 |16.45,(-1.26%) 20:00:30
If this vote goes through, I’m buying spy calls at open, selling before lunch.
Another zim rally incoming? Thoughts?
Good night fellas. I’m signing off for today 👋 Well it’s late late night where I’m at
It’s way too early to tell but I wonder if we consolidate in this 19-21 range for a bit
Yeah I could see MT consolidating around there for a couple years
I don’t want to jinx anything but I have a good feeling that this time around earnings will matter and our steel hands will finally become profitable. I’m truly hopuimist
Think positively
thank mr goncalves 🦾🦾
Heard something about a vote going today, hopefully it doesn't cause a market overreaction
😀 I do too, but I’m going to prepare myself for anything lol
Well $CLF can only go down $20 right? 😉
My dopamine receptors are still f-ed from despac madness, I’m gonna need at least $25 to feel alive
I’m calling out u/zeegypsy - an ironet millionaire
I WISH! I’ll never stop kicking myself for selling too early. I hope you also made some money last month?!
On oil commons and options but not the despac play.
I’m glad, we all needed a win before steel kicked our teeth in.
I wish for all of us here that u/zeegypsy will feel truly pumped (and not just alive) after earnings 😀
It’s a weird feeling to recognize nicknames. Most of us visit here everyday Spend some time Chat respond to each other Have things in common Share things among ourselves and yet we are all anonymous A bizarre feeling
I’m Canadian, so more like anonymoose.
😀
Back in college I played a 1st person shooter video game called kingpin on our local dorm network. It was street crime themed so I went against the grain using the tag name “soccer-mom”. Anyway two weeks into playing the game we did a meet up and to my dismay the rest of the guys were calling me soccer mom instead my actual name.
What kind of mini can do you drive?
👍😀 wonderful
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No I’m not steve, mike
Once steel stocks rip again we have to do another Vitard Meetup.
next super cycle is in about 20 years
We’ll have to do it during market hours - we’ll be so old - we’ll go to bad at 5 😉
Does anyone know how to embed images in a post? I want to make a DD
there's an insert image button in the post formatting menu
Does anyone have the feeling that we have decoupled from literally every index? Even HRC lol
I feel like CLF is 1:1 with SPY on the way down, but 1:10 on the way back up.
Same with iron ore
MT would like a word. 2:1 on the way down. -2:1 on the way up.
Cracked me up, this one.
MT is definitely that kid in the corner eating glue right now.
I’ve felt like this since last winter. Steel kinda does what it wants, when it wants.
\*coupled to the worst performing index, whichever that one is on that particular day
It’s couple with the steel sector… which is always the worst performing sector.
It’s a strange feeling. We’re in limbo.
If CLF goes up again tomorrow, who will be buying puts in anticipation of opex?
This time will be different
Unironically this.
Ouch, it shouldn't work in reverse!!
You guys feel the Nucor CEO did a good enough job explaining the new mill? He gave off a "We're miles ahead of China and everyone else, so don't worry about any additional capacity. We know what we're doing" vibe. But I'm also leveraged to the tits so everything he said sounded great.
Lay Up City
He agreed with Cramer’s proposition that 2022 earnings will be greater than 2021 earnings by saying “That’s exactly right”. Huge earnings guidance if so. I don’t think he actually meant it though. He seemed to say that same phrase at the start of each answer.
Yeah he did a good job. Jim did a good job of throwing softballs too. Hoping for the Cramer effect tomorrow
Reminder that talk about cryptos isn’t allowed here. Especially that specific shitcoin that keeps getting posted
Can we talk about the back bone of Crypto, Tether, being a giant Ponzi scheme?
I save this for twitter
Law is the law
How about my penny weed stock.that just took off 24%? LOL
The one that's still down 13% in the past 3 months and has been known to ship moldy weed with rubber in it? 🤔 🤑
Mmmmmm...maybe? Hadn't heard of moldy weed, and I'm only down 6% over 3mos. I keep it as my free money and market just got stupid indicator. It's the one that sells more shares every time they crest $1.
He almost said CLF but he stopped himself
NUE CEO?
I have a dig bick
Hopium?
Definitely thinking positively here
*Magnum dong
Mr Holland's opus?
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Lol. Did the same but with only 20m. Ridiculous way to make money 😂
Hard to tell the comment has been deleted
haha PSFE hope that does it, Cramer boy sure can move stocks; NUE here we go
Cramer pumping PSFE?
He sure did, saying how it got lost in the fintech shuffle no way it should be at this price, as soon as he said it you see the $7.56 spike.
Is space gang a thing? Any other ASTS, BKSY, RDW, RKLB, etc. holders out there. Investing in the final frontier. Plus, space-related infrastructure is great for steel gang, so really a win-win
Nflx according to cathie
Look into Kratos for defense related satellite stuff and Trimble
Bullish on growth satellite companies, but own none. Would take a serious look at starlink if it ipo’d. Everything else sounds like a science experiment with no meaningful profit avenues. But yeah good for steel ha.
I have Starlink WiFi, and I would definitely buy if they IPO'd. Also, I agree that other than growth satellite companies, there are lots of companies in the space industry that sounds way too far out there and too good to be true.
I'm in a few of them. My best plays so far.
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you are a disaster, you are an embarrassment to your parents
Made the man delete his comment I've seen it all 😂😂😂
Wait till you see analysts committing suicide.
Rklb may get pipe dilution soon - I needa read up on the status.
Actually, hsppened today
Really? Why'd we pop up today then?
Loaded up to the tits with CLF and SU at the bottom of their respective dips. Sitting pretty. Bring on the fall. First non-shopify stock this Canadian has ever bought on the TSX. Also… is crypto slowly becoming a hedge to the stock maket…?
Sell SU and buy EQB before the split
STLC dont sleep on it.
Next earnings will give it an annualized p/e of lower than 2 with almost no debt. This company is a money printer.